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HUANENG POWER ANNOUNCES NEW TARIFF FOR CHINA PLANT.

AsiaPulse News

| March 01, 2002 | COPYRIGHT 2002 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

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BEIJING, Feb. 28 PRNewswire Asia-FirstCall-AsiaNet - Huaneng Power International, Inc. (NYSE: HNP)(HKEx: 902)(SSE: 600011) (the "Company") today announced the tariff adjustment for Huaneng Shangan Power Plant ("Shangan Power Plant").

Based on the document of State Development and Planning Committee ("SDPC"), the average on-grid tariff for the Company's Shangan Power Plant Phase I and Phase II was adjusted to RMB334 per MWh (including VAT) as from February 10, 2002.

Before the adjustment, the on-grid tariffs concerned were RMB307 per MWh (including VAT) and RMB432 per MWh (including VAT), respectively.

The current generation capacity for the Shangan Power Plant is 1,300MW, representing 12% of the Company's total generation capacity.

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Source: HighBeam Research, HUANENG POWER ANNOUNCES NEW TARIFF FOR CHINA PLANT.

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